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HomeMy WebLinkAboutEDA RES 2017-14J kTJF-JY11;1 4 NJ; • BE IT RESOLVED, By the Columbia Heights Economic Developmient Authority (the "EDA") a;s, follows. WHEREAS, the City of Columbia Heights (the "City") established the Columbia Heights Economic Development Authority by an enabling resolution adopted on January 8, 1996, pursuant to Minnesota Statutes 469,090 to 469.108,1 (the "EDA Act"); and WHEREAS, the City Council of the City has given to the EDA the responsibility for all development and redevelopment projects and programs; and WHEREAS, under Section, 469.107 of the EDA Act, the City is authorized to levy a tax for the benefit of the Authority, in an amount not to exceed 0.01813 percent of the City's estimated market value (the "'EDA Levy"); and WHEREAS, the City currently levies an EDA Levy that is less of the 0,01813 percent of the City's estimated market value as authorized' by the EDA Act; and WHEREAS, the City is authorized to increase its EDA Levy to the statutory cap as provided in Section 469,,107, subd. 2 of the EDA Act, upon the request of the EDA; and! WHEREAS, the EDA desires that the City increase its EDA Levy to $220,100 for taxes payable in 2018, in order to better serve the EDA"s economic development activities within the City. NOW, THEREFORE BE IT RESOLVED, by the Board of Commissioners of the Columbia Heights Economic Development Authority, that the EDA request the City's approval of an increase of its EDA Levy to the amount of $220,100 for taxes payable in 2018, after a duly noticed public hearing as provided in the EDA Act; and BE IT FURTHER RESOLVED, that the Executive Director is instructed to transmit a copy of this resolution to the City Manager, Finance Director, andCity Clerk of the City of Columbia Heights, Minnesota. Passed: this 5th day of Offered by. Buesgens Seconded by: Williams Roll Call: All ayes Attest: h Assistant Secretary Resolution 2017-14 2017 P res i 4dntl' IF,